Investors are awaiting the January inflation print as experts like Tom Lee estimate the core CPI year-over-year to drop to 2.52%—matching the 2017-2019 average and signaling a return to pre-COVID inflation.
Meanwhile, the 10-year Treasury bond yielded 4.12%, and the two-year bond was at 3.47%. The CME Group's FedWatch tool‘s projections show markets pricing a 92.1% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.13%
S&P 500
0.02%
Nasdaq 100
0.13%
Russell 2000
-0.08%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.069% at $681.74, while the QQQ advanced 0.16% to $601.61.
Stocks In Focus
Roku
Roku Inc. (NASDAQ:ROKU) jumped 13.70% in premarket on Friday after reporting better-than-expected fourth-quarter financial results and issuing FY26 sales guidance above estimates. Roku reported quarterly earnings of 53 cents per share, which beat the consensus estimate of 27 cents by 93.43%
ROKU maintains a stronger price trend over the long term but a weak trend in the short and medium terms, as per Benzinga's Edge Stock Rankings.
Arista Networks
Arista Networks Inc. (NYSE:ANET) gained 12.12% after posting upbeat fourth-quarter earnings and issuing strong guidance. Arista reported quarterly earnings of 82 cents per share, which beat the Street estimate of 76 cents.
ANET maintains a stronger price trend ...
